4 bedroom detached for sale

£575,000

4

Bedrooms

3

Bathrooms

Floorplan

Welcome to High Mill, where heritage meets modern living! No. 8 offers 3 floors of thoughtly designed accomdation with 4 double bedrooms.

High Mills offers a unique residential development nestled in the hamlet of Shaw Mills, only 6 miles from Harrogate. Combining a the rich industrial heritage of a 19th-century textile mill with a collection of thoughtfully designed converted and new-build homes.

The hamlet of Shaw Mills is believed to have been named after a Robert Shaw who built a corn mill by Thornton Beck in the 16th century. The stream provided the source of power for Low Mill and High Mill. Over the years the mills produced corn, flax and then silk. Silk spinning commenced in the late 19th century. After falling trade, the mills closed shortly after the end of the First World War but continued to be used for the manufacture of various
products. High Mill latterly housed a leather and suede tannery.

Number 8 at High Mill is located in the middle of this beautiful conversion and extends over three floors of living space which has been staged by local interior design company Zebra Interiors.
This home features a stunning open plan family living dining kitchen with dual aspect, accessed through the private garden. A separate utility and downstairs WC compete the ground floor of this extensive home.

To the first floor is a spacious double bedroom or additional living room with far reaching countryside views, a further double bedroom
with ensuite and a contemporary family bathroom.

The second floor boosts a large principal bedroom, with beautiful ensuite bathroom complete with a large freestanding bath and sliding
barn doors. A further spacious double bedroom completes this floor.

Externally are two parking spaces, one with the option for an electrical charging point. The private garden boasts a patio and lawned area.

For full specification details please call our office on option 2. The development is ready to view and we would encourage interested parties to arrange your slot as soon as possible.

LOCATION
Leave Harrogate on the A61 Ripon Road heading North. At Ripley, at the second roundabout, take the B6165 towards Pateley Bridge. Continue for about 2 miles into the village of Burnt Yates. Turn right, at the cross roads, onto Pye Lane and follow into Shaw Mills. Turn left onto Town Street and continue up the lane to High Mill

Located 6 miles northwest of Harrogate, offering easy access to the A1(M), connecting London and Edinburgh, and the wider motorway network. The nearby town of Pateley Bridge, as well as the historic cities of Ripon and York, are just a short distance away.

PLEASE NOTE
We have not tested any of the electrical, central heating or sanitaryware appliances. Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to exact scale. All room measurements and mileages quoted in these sales particulars are approximate. In line with The Money Laundering Regulations 2017 we are duty bound to carry out due diligence on all our clients to confirm their identity.
Rather than traditional methods in which you would have to produce multiple utility bills and a photographic ID we use an electronic verification system. This system allows us to verify you from basic details using electronic data, however itis not a credit check of any kind so will have no effect on you or your credit history.
All imagery, CGIs and floorplans have been used to reflect the end product and may be subject to change. Some CGIs may show upgraded specification for instance receded ceiling lighting and furniture which is not part of the purchase price and may incur additional costs.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 477075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 14375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 45825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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